RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

U.S. stock futures are trading slightly higher this morning, as investors are closely watching the progress in the ongoing U.S.-China trade talks and the latest Brexit developments.  The market focus is centered on global trade developments with improved sentiment based on a report that progress is being made by the world’s two largest economies.  A Chinese news agency reported that Chinese Vice Premier He spoke via phone with U.S. Treasury Secretary Mnuchin.  Tesla’s introduction of its new model Y provided some positive vibes which were quickly offset with news that the SEC filing charges against Volkswagen on emissions fraud.  Traders are also anticipating the release of economic data led by industrial production numbers and consumer sentiment data later this morning.

Support coming in today at 280400 and 279800, with resistance showing 282000 and 283100.

E-Mini S&P 500 Jun ’19 Daily Chart

E-Mini S&P 500 Jun '19 Daily Chart

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Jeff Yasak

Senior Market Strategist
Since leaving the corporate world in 1995, Jeff has established a name for himself as a trusted financial advisor and trading advocate—leveraging his studies in finance from the University of Wisconsin-Madison and Loyola University, 25+ years of experience, and a passion for the industry to guide both novice and experienced traders in pursuit of achieving their own financial reward. Jeff began his career as a clerk in the S&P 500 pit at the Chicago Mercantile Exchange—fostering a deep interest in the options market that eventually drove him into the retail futures sector where he spent several years as a broker’s assistant before taking on clients of his own. Operating at the intersection of strategy and success, Jeff seeks to establish meaningful relationships with clients—synthesizing financial data and offering timely insight that informs critical decision-making surrounding money management and trading activities. Well-versed in the futures, securities, equities, and indices markets, Jeff is uniquely positioned to direct his clients to success. With a carefully cultivated combination of experience and expertise, he is able to connect with clients to better understand their goals and offer sound financial guidance that delivers notable bottom-line results.
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